Homework Answers
Ans:
1)
Unemployment rate(U-3) = 4%
Explanation
Unemployment rate(U-3) = (Unemployed / Labor force) * 100
Labor force = employed + unemployed
= 192 + 8
= 200
Unemployment rate(U-3) = (8 / 200) * 100
= 4%
2)
Labor force participation rate = 80%
Explanation
Labor force participation rate = (Labor force / working wage population) * 100
= (200 / 250) * 100
= 80%
Add Answer to:
Category Millions total population 310 population 16 and above 250 employed 192 8.00 unemployed structurally unemployed...
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurall...
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full time 0.10 Please calculate the labor force participation rate. What is the "headline" (U-3) unemployment rate?
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed...
Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full time 0.10 What is the value of the natural rate of unemployment? What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
8.00 Category Millions total population 310 population 16 and above 250 employed 192 unemployed structurally unemploy...
8.00 Category Millions total population 310 population 16 and above 250 employed 192 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers discouraged workers 1.00 workers who are part time but want full time 2.00 0.10 What is the value of the natural rate of unemployment? What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
The data in this table is used in questions 1-6. Category Millions total population 310 population...
The data in this table is used in questions 1-6. Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full time 0.10 In this table you'll find numbers for the discouraged workers and the marginally attached. Do the values above make sense -- could they happen in an...
You should recall that in class we introduced one way of measuring long-term unemployment. From data...
You should recall that in class we introduced one way of measuring long-term unemployment. From data in the above table, what would it be? Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00 workers who are part time but want full time 0.10
Perhaps the part of the economy that people see most directly is the labor market. These...
Perhaps the part of the economy that people see most directly is the labor market. These include topics like employment, unemployment, and related aspects of this market. These questions and their answers (released after this assignment is due) will help you prepare for the next quiz. Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00...
You are logged in as Salma Alyahya (Log out) ered 12.00 stion Unemployed Total Population Employed...
You are logged in as Salma Alyahya (Log out) ered 12.00 stion Unemployed Total Population Employed Discouraged Workers The table contains information about the hypothetical economy of Scoob. All figures are in millions. The unemployment rate in Scoob is Select one: a. 5.0 percent b.2.5 percent. C.3.2 percent d. 6.9 percent
macroeconomic Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not...
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
Please show step by step on how the calculations are made: Thank you. I have uploaded...
Please show step by step on how the calculations are made: Thank
you.
I have uploaded 3 questions which is the normal number of
maximum questions answered in 1 post.
Question 1:
Question 2:
Question 3:
A firm's labor demand and labor supply equations are shown below. Labor demand equation: Ld = 50 – 4w Labor supply equation: Ls=-20 + 3w, where w is the wage per hour worked, Ld is the number of workers demanded by firms, and Ls...
50. Which of the following best illustrates the medium of exchange function of money? O A....
50. Which of the following best illustrates the medium of exchange function of money? O A. You keep some money hidden in your shoe. OB. You keep track of the value of your assets in terms of currency. O c. You pay for your double latte using currency. OD. You lend $25 to your friend. 51. Which of the following lists ranks assets from most to least liquid? O A. currency, fine art, stocks B. currency, stocks, fine art c....
8.00 Category Millions total population 310 population 16 and above 250 employed 192 unemployed structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers discouraged workers 1.00 workers who are part time but want full time 2.00 0.10 What is the value of the natural rate of unemployment? What is the U-6 unemployment rate? It is sometimes called the "underemployment rate" or a "broad measure of unemployment.
You are logged in as Salma Alyahya (Log out) ered 12.00 stion Unemployed Total Population Employed Discouraged Workers The table contains information about the hypothetical economy of Scoob. All figures are in millions. The unemployment rate in Scoob is Select one: a. 5.0 percent b.2.5 percent. C.3.2 percent d. 6.9 percent
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
Please show step by step on how the calculations are made: Thank
you.
I have uploaded 3 questions which is the normal number of
maximum questions answered in 1 post.
Question 1:
Question 2:
Question 3:
A firm's labor demand and labor supply equations are shown below. Labor demand equation: Ld = 50 – 4w Labor supply equation: Ls=-20 + 3w, where w is the wage per hour worked, Ld is the number of workers demanded by firms, and Ls...
50. Which of the following best illustrates the medium of exchange function of money? O A. You keep some money hidden in your shoe. OB. You keep track of the value of your assets in terms of currency. O c. You pay for your double latte using currency. OD. You lend $25 to your friend. 51. Which of the following lists ranks assets from most to least liquid? O A. currency, fine art, stocks B. currency, stocks, fine art c....
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